International Journal For Multidisciplinary Research

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Entrepreneurial Drive and Challenges of Youth

Author(s) Harshali Patil, Dr. Navnita Megnani
Country India
Abstract Purpose: This study explores what drives youth towards entrepreneurship and the challenges they might face at each stage of the business cycle. Demographic factors such as age, gender, qualification, and current occupation and their impact on entrepreneurial desire, drive and challenges are investigated.
Methodology: The descriptive analysis method of research is used to conduct the study. The data was collected from a young population aged between 15 – and 29 (According to National Youth Policy 2014, Persons between the age groups of 15 and 29 are indicated as youth), hence this age group is taken as respondents. The tool used for data collection is the Google Form online questionnaire. Closed-ended questions were asked to the respondents. A non-probability convenient sampling method is used to collect the responses. Data is analyzed using SPSS Software. Hypotheses testing is done using a chi-square test.
Findings: The findings of the study state that, demographic factors such as gender, age, educational qualification, and occupation do impact desire (motivation) and drive of the business. Along with the clarity of business drivers, youth is also aware of the challenges they may face at various stages of business i.e., initial, growth and maturity. The results of this study shall provide insights for policymakers as per youngster’s expectations, and also for the youth who wants to get into entrepreneurship in the future.
Keywords Entrepreneurial drive, Challenges, Desire to do business, Entrepreneurship, Youth
Field Business Administration
Published In Volume 6, Issue 4, July-August 2024
Published On 2024-08-17
Cite This Entrepreneurial Drive and Challenges of Youth - Harshali Patil, Dr. Navnita Megnani - IJFMR Volume 6, Issue 4, July-August 2024. DOI 10.36948/ijfmr.2024.v06i04.26193
DOI https://doi.org/10.36948/ijfmr.2024.v06i04.26193
Short DOI https://doi.org/gt7m5r
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